4 ms·
This is a specific issue of US based companies hiding 'offshore' revenues that likely do not qualify as truly offshore. Also holding profits in foreign countri
by qdog 5y ago
This is a specific issue of US based companies hiding 'offshore' revenues that likely do not qualify as truly offshore. Also holding profits in foreign countries in an effort to outlast IRS rules to be able to 'repatriate' funds at a lower tax rate, or even somehow show a loss in the US.
The perfect is the enemy of the good enough, we cannot craft a perfect tax solution, but we can make it better.